Time deposit

Whether you are looking for a short-term investment or a long-term one, you will find what you need with SAIB time deposits:

  • Time deposits with fixed interest rates are available
  • Time deposits are available to individuals and corporate customers
  • Automatic renewal is optional upon customer’s request
  • Interest is earned at maturity for time deposits starting one week and up to one year
  • Interest is earned monthly, quarterly, or annually for 1 and 3 years
  • Overdraft facility reaches up to 90% of the deposit
  • SAIB is offering various time deposits for individuals and corporates

Long-Term Fixed Time Deposit:

TenorInterest Payment FrequencyInterest Rate (P.A.)
1 year (interest paid monthly)Monthly9%
3 Years Monthly10.50%
3 Years Quarterly11%

Short-Term Fixed Time Deposit:

TenorInterest TypeInterest Rate (P.A.)
1 weekFixed5%
2 weekFixed5.25%
1 monthFixed8%
3 monthsFixed8.25%
6 monthsFixed8.5%
1 Year Fixed10.5%

For more information, please call our hotline 16668
All Terms and Conditions shall apply.